coloneldebugger's  Instablog

Send Message
I trade at optionsHouse. You can too.
  • More than a quarter quadrillion dollars? Held by five companies? 0 comments
    Jul 26, 2009 2:52 PM | about stocks: XOM

    Five companies supposedly hold derivitives worth $296,000,000,000,000

    Exactly which accountant with valid a CPA can justify the existance of this amount of money?

    For a reference point, $296,000,000,000,000 is equivilent to approximately 825 Exxon Mobils in terms of market capitalization. 

    Again, I point out the major problem we have in our financial world is our accounting practices.  The Goldmans, Enrons, Adelphias, etc. they all just take advantage of the make believe that accountants generate.  Disney's Imagineers can't even approach this level of fantasy.

    Stocks: XOM
Back To coloneldebugger's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • $1.90E+10 For An Instant Messaging Client? $FB
    Feb 21, 2014
  • the bid/ask spreads on TNA are insane
    Aug 9, 2011
  • 11am, do you know where your market pivot point is?
    Aug 9, 2011
More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.